Novo Resources (ASX:NVO) said Austroid Australia, a related entity of Liatam Mining, acquired the remaining 20% of the Quartz Hill joint venture in Western Australia as well as its 100% interest in gold and silver rights in the JV for AU$850,000, according to a Wednesday filing with the Australian bourse.
Liatam Mining remains a 6% shareholder in Novo, the filing said.
The mining firm maintains exposure to the battery metals sector through the Harding Battery Metals JV with Sociedad Química y Minera de Chile subsidiary SQM Australia, according to the filing.
Novo Resources shares rose nearly 8% in afternoon trade.
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